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Thank you to whichever institution panicked this morning. Topped up my holding on the mini sell off and already up. Unexpected bonus!

When this happens SP will surely hit £4. USA and Australia airliners up 6% overnight

Barclaycard report this morning that food sales rose strongly in May by 8.7% like-for-like, due to picnics and outdoor eating. With a hot summer on the way and little overseas travel this should continue IMO

Bulls not out of steam. USA airline stocks up 5% on average and know I’ll be waking up to a big jump in Qantas SP.

History has a habit of repeating itself and I was thinking back to the damage one minister (Edwina Currie) did to the egg industry many years ago. Seriously concerned at the stubbornness being demonstrated by the government presently. Everyone knows the final outcome of this illogical decision but the time wasted getting to the end of this is going to cost more jobs and unnecessary suffering on the airline industry and much wider U.K. economy. Sincerely hope that there is a bundle of countries with air bridges in place by 28th June.

Re: Lookers
I agree to much risk now and can only see the SP drifting downwards as it heads towards its procedural delisting at the end of June. IF it relists in August or whenever the accounts are finally published I will buy back in as the property value alone appears to cover the shares 3 times over? But will wait and see what happens for now. In these turbulent times it doesn’t take much to scare investors.

Thanks Nige. I agree with your analysis. Have moved my house building holding from TW to BDEV this morning. Take on board your warning about the risks out there in all builders.

Have sold my entire TW holding and reinvested here following re-evaluation of builders. BDEV comes in second most solid builder after Persimmon but BDEV much more attractively priced and IMO there is significant upside to be had here

Have dumped my shares this morning on the RN. Been in this situation before where I held on after shares delisted and ended up with zero! Not saying that will happen here as clearly the company has significant value but I will wait until the share is relisted.

Surely they must have known this last week. Bought in twice on their RN last week. Annoyed does not come close!

Do not buy Lookers. See RN

According to Sunday Times Boris Johnson has told Grant Shapps, the transport secretary, to secure “travel corridor” deals with holiday hotspots by June 28

That’s gonna be a hard one to justify back home. Also clearly picking and choosing when it’s IAG or BA or Iberia. However sounds like a cracking deal!

Sunday Times is reporting that the govt is looking at another “cash for clunkers” car scrappage scheme. Am hoping I can top up again Monday morning before the SP shifts again

Source Sunday times.
Wonder where the SP will get to by the 28th June?

Portland looking through the RN the 2 statements I pull out are:
- The Group continues to enjoy the benefits of a strong property portfolio with an adjusted net book value of £325m (as at 31 December 2019) (83.3p per share).
- The Group currently holds surplus freehold properties for disposal during the remainder of 2020 and 2021, with a net book value of £30m as at 31 December 2019.

Given the current SP is just 31p it does seem incredibly cheap. The SP over the past 5 years seems to reflect the state of the car industry rather than the value of the business and now seems very over sold. I also felt like the RN was positioning the company. It has already turned down one merger offer but maybe it has its sights set on something much higher?

Portland take a look at Lookers! IMO their stock valuation is a bargain and I believe it could double! 5 reasons why I’m so confident:
1. Last month they turned down a merger because they didn’t need it.
2. Their restructuring plan announced this week which saves £50M is far from draconian. Another sign of confidence.
3. Over the past year their directors have been buying up shares
4. They have oodles of capital in their estate
5. With the decline of public transport people need cars more than ever!
Just my honest opinion.

Just bought in. Thought I’d missed the boat when the very positive trading update was released. There’s going to be plenty of market volatility these next 12 months which will give massive trade flows IMO. Apart from the obvious current situation we’ve got the USA election coming up.

Wonder how high this will get when quarantine restrictions are lifted or travel corridors are introduced in a couple of weeks time. So pleased I held this share. Great company - looks after its customers better than any travel company and I’m confident their loyalty will see booking surge in the second half of this year

IMO TW represent better value than Persimmons and I was very encouraged at TWs trading update. Psychologically people are gonna pick new builds over properties people have lived in and more importantly No Chain to worry about.
PS - I just took a look at IGG and have just bought in. Plenty of volatility to come over the next 12 months so should be bumper year for them!